CoinDesk has formally joined the legal proceedings between Tether and the NYAG over the release of company documents to the news outlet.
The NYAG FOIL officer denied the request after a push from Tether's attorneys. However, CoinDesk won access on an appeal.to compel the state attorney general to deny the request on the grounds that the information would compromise its competitive edge.the legal proceedings, arguing for the denial of Tether's petition to block access to the documents. Parties may"intervene" in a case if they are not originally named but have stake in the outcome of that case.
The Block had filed FOIL requests similar to CoinDesk's, to which a FOIL officer responded that the requests could be exempt from the disclosure allowances based on a law that allows an agency to deny access to information disclosed to a public agency if that information contains"trade secrets." Tether contends that the requested information would compromise its investment strategy, which it considers a trade secret.
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